Stories for May 2010

Saturday, May 29th 2010 - 05:32 UTC
Economics Nobel Prize Stiglitz favours regulation of risk rating agencies

Economics Nobel Prize Joseph Stiglitz said it was time to end with the “authority” that countries have deposited in risk assessment agencies and which “have not done things correctly” and have been an essential factor in giving “the global crisis a nice boost”.
Saturday, May 29th 2010 - 05:31 UTC
Argentina announces Malvinas sovereignty presence with patrol vessels

Argentine Defence minister Nilda Garré said that four navy patrol vessels will be sent to the “Mar Argentino” (South Atlantic) to show presence and the willingness of Argentina to exercise sovereignty over the (Argentine) Falklands/Malvinas Islands.
Saturday, May 29th 2010 - 05:26 UTC
Mrs. Kirchner promises there will never be barriers to Brazilian imports

Argentine President Cristina Fernández de Kirchner assured that “there weren't, nor ever will be, barriers blocking Brazilian imports,” after holding a meeting in Rio de Janeiro with her Brazilian counterpart Lula da Silva, a gathering she classified as “more than good.”
Saturday, May 29th 2010 - 05:21 UTC
Argentine minister warns Greece about the IMF “dangerous policies”

On an article published Friday in the German daily “Frankfurter Allgemeine Zeitung,” Argentine Finance Secretary Hernán Lorenzino warned about the IMF “dangerous policies” like the ones proposed to help Greece leave its crisis behind.
Saturday, May 29th 2010 - 05:19 UTC
Montevideo, Buenos Aires, most liveable cities of South America

According to the 2010 World Ranking of Mercer's Quality of Life, Buenos Aires, Montevideo and Santiago are the best major cities in South America to live although they compare poorly with the top ten mostly from Europe, Canada, NZ and Australia.
Saturday, May 29th 2010 - 05:18 UTC
Colombians faithful to Uribe but seem ready for a “green” change

Colombia goes to the polls Sunday in unusual circumstances for its recent history, with a technical tie between the top two presidential candidates who lead the pack of six contestants.
Saturday, May 29th 2010 - 03:03 UTC
Spain’s debt downgraded; Madrid lowers growth estimates 2010/2012

Risk rating agency Fitch downgraded Spain’s sovereign debt on Friday one notch from AAA to AA+ with an outlook of stable, saying that the country’s economic recovery is likely to be difficult and prolonged.
Saturday, May 29th 2010 - 02:59 UTC
IMF praises management of Peruvian economy; forecasts 5 to 7% growth in 2010

International Monetary Fund (IMF) praised Peru as a clear example of how to enforce the right economic policies since its GDP this year is expected to grow 5 to 7%.
Saturday, May 29th 2010 - 01:47 UTC
Brazil calls on South America to have its own military dissuasive capacity

South America must recover its military dissuasive capacity so it can say ‘no’ when necessary said Brazilian Defence minister Nelson Jobim following a meeting this week in Montevideo with his Uruguayan counterpart Luis Rosadilla.
Saturday, May 29th 2010 - 01:40 UTC
Hillary Clinton to attend OAS assembly in Lima and visit Ecuador and Colombia

United States Secretary of State Hillary Clinton will travel to Peru, Ecuador, Colombia and Barbados from June 6-10 to participate in the General Assembly of the Organization of American States (OAS) and consult with our regional partners on issues of shared interest.